Gensol Engg bags Rs 75cr order

New Delhi: Gensol Engineering Ltd has bagged an order worth Rs 75 crore to lease out 500 electric cargo vehicles from a logistics firm, a company said. The work order came through subsidiary company Gensol EV Lease Pvt Ltd, Gensol Engineering said in statement on Thursday.

“Gensol EV Lease bags order for more than 500+ Tata Ace Cargo EVs. This substantial order, valued at Rs 75 crore, is from an all-electric logistics company,” it said. An initial batch of over 20 electric vehicles (EVs) has already been leased, with the remaining cars to be deployed over the next 6 months across 5 states, including Maharashtra, Karnataka, West Bengal, Tamil Nadu and Telangana.